OVERRIDE

The Real Crash

America's Coming Bankruptcy - How to Save Yourself and Your Country

Peter D. Schiff

St. Martin's Press

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Peter D. Schiff has fully revised and updated his provocative New York Times, Wall Street Journal, and USA Today bestseller The Real Crash. First published in 2012, The Real Crash argues that America is enjoying a government-inflated bubble, one that reality will explode...with disastrous consequences for the economy and for each of us.
Since 2012, what has happened with our economy? The stock market continues its illusory gains, the Fed "tapers" while some jobs return, and yet the fundamental threat to our way of life has only grown worse-- much, much worse. The United States government nearly defaulted on its debts and the solution was to raise the debt limit-- to spend yet more money, to go even deeper in hock to China, and to burden every American with obligations that are impossible to repay.
With incisive analysis and expert financial understanding, Peter D. Schiff reveals that the road we're on will lead to an abrupt devaluation of our currency and a crash that will upend our power, our political system, and our way of life. This new edition of The Real Crash includes more than 35,000 new words of text, which cover:
-The 2013 government shutdown, the debt crisis, and how the solution only dug a deeper hole
-The IRS political auditing scandal and why the average American should care
-What will happen when the government stops inflating the stock and real estate market bubbles
-How Detroit's bankruptcy mirrors our national situation: too many promises, not enough revenue
To avoid complete collapse, America must drastically reduce government spending, and regulations that drain businesses and suppress economic growth, eliminate costly and unnecessary agencies, stop foreign military escapades, and cut entitlements of all kinds for all classes of people. And, with wisdom born from having predicted the Crash of 2008, Peter D. Schiff explains how to protect yourself, your family, your money, and your country from the even greater crash that lies ahead.

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1
 
Where We Are and Where We Are Headed
 
 
AS I STATED IN THE INTRODUCTION, the real crash I predicted in my first book is still coming.
You see, before 2006, I had been predicting an economic catastrophe in the United States, with the bursting of the housing bubble being the catalyst. Once that bubble burst and major banks went to the brink of failure, people began crediting me with “calling the crash.” But what we saw in 2008 and 2009 wasn’t the crash. That was the overture. Now we have to sit through the opera.
The economic unpleasantness
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  • Who IS Peter Schiff?

    Will the stock market crash again? Peter Schiff accurately predicted the crash of 2008 - now he explains how to protect your family, your money, and your country from what is coming.

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REVIEWS

Praise for The Real Crash

"Peter Schiff sounded the alarm about the housing bubble created by the Federal Reserve and predicted the bubble's inevitable collapse, yet he was ignored by mainstream economists and ridiculed by the media.  In The Real Crash he is at it again, illustrating how the financial crisis of 2008 is nothing compared to what is coming down the road. Peter Schiff is right again. I hope more people listen this time." – Ron Paul; Congressman (TX-14) and three time Presidential Candidate

 

"Peter Schiff's new book "The Real Crash; America's Coming Bankruptcy" is written in the same blunt and punchy style that makes him a favorite guest on my Fox News show.  It's not just what he says, but the fact that he lives what he says. Unlike Some authors who talk about business as spectators, Peter doesn't speak from the ivory tower of academia or from the comfort of an anchor chair. He runs a real business and fights every day to make it a success in spite of all the government's tax and regulatory policies."-- Mike Huckabee; Host of The Huckabee Show and former Arkansas Governor and Presidential Candidate

 

"America's political leaders should have taken Peter's 2007 book, Crash Proof, to heart before they tried to borrow, print and bail us out of trouble.  Today, they -- along with all Americans -- absolutely must take heed of The Real Crash. Peter Schiff understands the marketplace, and he understands the consequences that occur when government attempts to manage that marketplace.  Pay attention, America!”-- Gary Johnson, Former governor of New Mexico and presidential candidate

 

“In ‘The Real Crash,’ the fearless Peter Schiff has written the most compelling argument against central economic planning and debt-financed consumption to come along since our present woes were exacerbated in 2008. His explanations of how unfettered free choices will produce prosperity, and how ending the Federal Reserve, abolishing the IRS, and returning to the gold standard will tame the federal beast are among the most forceful and cogent I have seen. He even explains how anyone can prosper from government stupidity in these perilous times. And he does all this in a breezy and readable format.”-- Judge Andrew P. Napolitano, Senior Judicial Analyst, Fox News

 

“Peter Schiff is an original thinker, a man of startling insight and honesty, in many ways, a genius. I have learned that you disagree with him at your peril. He is one of the few men of finance of whom I wish I could say I had paid more attention to. Live and learn. Read and learn.”-- Ben Stein; author, actor, political and economic commentator

 

"Peter Schiff says the Fed's bubble machine is destroying the American economy and he is right. Zero interest rates and QE are crushing savers, rewarding speculators and enabling the Washington politicians to issue endless debt.  Every concerned citizen should read this."-- David Stockman; Former OMB director under President Ronald Reagan

 

“Peter Schiff has been painfully right about the downward spiral of the U.S. economy over the last four years. Easy money, rising tax rates, and unbridled debt are a prescription for economic disaster. Let's hope Barack Obama reads this.”-- Stephen Moore, Economist and Fox News commentator

 

“While many of us have justifiably focused on how high taxes are economically corrosive, Peter Schiff does a great job of explaining why government spending and debt are even worse.   As we continue grappling with the monster of a runaway federal government, this book is one of the best assets conservatives can turn to in making the case for fiscal responsibility and capitalism.” --  Grover Glenn Norquist; President of Americans for Tax Reform

“Peter Schiff was one of the few pundits who predicted correctly the 2008 economic and financial collapse.  Now, he makes a compelling case in a highly readable book that the day will come when the world stops trusting the dollar and the ability of the US government to pay its debts. I agree with him that “Then we’ll get the real crash.”-- Marc Faber; Editor, The Gloom Boom & Doom Report

 

“You need to know his case whether he is right or not if you are going to be prepared for this decade.”-- Jim Rogers; Investor and Bestselling Author of “A Gift to My Children” and “Investment Biker”

Reviews from Goodreads

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ABOUT THE AUTHOR

  • Peter D. Schiff

  • PETER D. SCHIFF is an American investment broker, author, and financial commentator, and was a candidate in the 2010 Republican primary for the United States Senate seat from Connecticut. He frequently appears as a guest on CNBC and Fox News, and is the host of the radio show and podcast The Peter Schiff Show. He is the author of the New York Times bestselling Crash Proof and Crash Proof 2.0, as well as The Little Book of Bull Moves in Bear Markets, which was also a Business Week bestseller.  

  • Peter Schiff © Tim Geaney
    Peter Schiff
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Available Formats and Book Details

The Real Crash

America's Coming Bankruptcy - How to Save Yourself and Your Country

Peter D. Schiff

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FROM THE PUBLISHER

St. Martin's Press

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